Question

18 Give journal entries of M/s Mohit traders, Post them to the Ledger
from the following transactions :
August 2017
Rs.
1. Commenced business with cash
1.10,000
2. Opened bank account with H.D.F.C.
50.000
3. Purchased furniture
20.000
7. Bought goods for cash from M/s Rupa Traders
30.000
8. Purchased good from M/s Hema Traders
42.000
10. Sold goods for cash
30.000
14. Sold goods on credit to M/s. Gupta Traders
12.000
16.
Rent paid
4,000
18. Paid trade expenses
1.000
20. Received cash from Gupta Traders
12,000
22. Goods return to Hema Traders
2,000
23. Cash paid to Hema Traders
40,000
25. Bought postage stamps
100
30. Paid salary to Rishabh
4.000
Toolro of the M/Bhanu​

Answer 1

Answer:

1.Cash ac dr

to capital ac

2.HDFC bank ac dr

to cash ac

3.Furniture ac dr.

to cash ac

7.Purchases ac dr.

to cash ac

8.Purchases ac dr.

to M/s hema traders

10.cash ac dr

to sales ac

14.Ms gupta traders ac dr

to sales ac

16.Rent ac dr

to cash ac

18.Trade expenses ac dr.

to cash ac

20.cash ac dr

to gupta traders ac

22.hema traders ac dr

to purchases return ac

23.hema traders ac dr.

to cash ac

25.Postage stamps ac dr.

to cash ac

30. salary ac dr.

to cash ac